Summary
- Hunter Biden plans to issue a total of 1 billion LAPTOP meme coins on September 9 on Coinbase's Base network, drawing on his own "laptop scandal."
- Founders including Hunter Biden will receive 30% of the total supply, with those tokens barred from sale for six months and distributed in installments over two years.
- 20% of LAPTOP's total supply will be distributed in part to investors in President Trump's official meme coin Official Trump (TRUMP), and Hunter Biden has described decentralized digital assets as "an inevitable future."
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Hunter Biden, the son of former US President Joe Biden, plans to launch a meme coin called LAPTOP based on his "laptop scandal." The move is being interpreted as an apparent jab at President Donald Trump as Trump and his family expand their digital-asset business.
The Wall Street Journal reported on September 7 that Hunter Biden is set to launch LAPTOP on September 9. The token will be issued on Coinbase's Base network with a total supply of 1 billion.
The token takes its name from the so-called Hunter Biden laptop episode that emerged ahead of the 2020 US presidential election. At the time, material from a laptop used by Hunter Biden, including messages tied to overseas business dealings and personal files, triggered a major political controversy in the US.
Founders, including Hunter Biden, will receive 30% of the total supply. Those tokens cannot be sold for six months after launch, and the full allotment will be distributed in installments over two years.
The Wall Street Journal said the launch appears to carry an anti-Trump message. That is because 20% of LAPTOP's total supply will be distributed in part to investors in Trump's official meme coin, Official Trump (TRUMP).
Separately, Hunter Biden has recently voiced support for digital assets. In a recent post on X, he described decentralized digital assets as "an inevitable future."
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